What are(were) your most common mistakes in Trading?

Discussion in 'Trading' started by orbit23, Oct 11, 2019.

  1. TommyR


    my biggest mistake was probably after blowing up account 9, immediately taking out more money and blowing it within a month because i was not being disciplined as it seemed not much compared to what i had just lost.
    #41     Oct 15, 2019
  2. notagain


    sim trading is on cloud nine
    #42     Oct 15, 2019
    GuerrillaTrading likes this.
  3. Trading what I thought the market was going to do instead of trading what the market was giving me...
    #43     Oct 16, 2019
    orbit23 likes this.
  4. easymon1


    You don't need no stinkin' trading plan! lol

    Last edited: Oct 16, 2019
    #44     Oct 16, 2019
  5. orbit23


    Exactly! This is a good one.

    All of my biggest losses that devastated my portfolio came from a blind belief in the trade - trading what i thought was gonna happen.
    Blame goes on the lack of experience, overestimation of you abilities, having no fear, and ofcourse... greed!
    #45     Oct 18, 2019
  6. Tent


    I also like comment from Guerilla Trading. This is exactly situation which I have experienced many times. During time I have learnt to keep my trading breaks and rethink trading plan before I actually open position
    #46     Nov 6, 2019
    • Not setting SL/TP
    • Scared that it might be wrong choice to choose
    • Letting emotion taking over me after making a profit
    • Quitting after losses
    To name some.
    #47     Nov 8, 2019
  7. Amen solartimes. I think a lot of us (myself included) have committed all of those mistakes.
    #48     Nov 8, 2019
    solartimes likes this.